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AMD Engineer Accused of Theft

A former Intel Corp. engineer has been charged with stealing trade secrets worth $1 billion from the chip maker while he worked for rival Advanced Micro Devices Inc.

Federal prosecutors in Massachusetts alleged this week in a five-count indictment that Biswamohan Pani, 33 years old, illegally downloaded more than a dozen confidential documents from Intel's computer system in June. Prosecutors say AMD had no knowledge of Mr. Pani's...